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Showing 331 - 340 of 3602 results for "Project"

Property fund management firm loses AFSL

MATTHEW WAI  |  TUESDAY, 15 OCT 2024
ASIC has stripped the Australian financial services licence (AFSL) of Aretean Ltd Pty, trading as Aretean Capital, following the fund manager's failure to comply with its obligations. Aretean Capital boasts assets under management of over $250 million ...

Acclaim Wealth enters managed account space

ANDREW MCKEAN  |  TUESDAY, 15 OCT 2024
... individual HIN model, and the partnership could be integrated seamlessly on our new platform post our large data migration project." In April, a migration took place from an FNZ system to a new SS&C technology platform. The transition moved approximately ...

ASIC seeks $27m penalty against AustralianSuper

ELIZA BAVIN  |  THURSDAY, 10 OCT 2024
ASIC is seeking a major $27 million penalty against AustralianSuper in the Federal Court. ASIC alleges that, for almost 10 years, AustralianSuper failed to have adequate policies and procedures to identify members who held multiple AustralianSuper accounts ...

Ares buys GCP International in $5.5bn deal

JAMIE WILLIAMSON  |  WEDNESDAY, 9 OCT 2024
Ares Management Corporation will acquire the international business of GLP Capital Partners and certain affiliates, boosting its assets under management (AUM) by $65 billion (US$44bn). The business, known as GCP International, is being bought for $5.5 ...

Betashares launches defence ETF

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
Betashares has launched an ETF that targets companies dedicated to manufacturing weapons and military equipment and technology. Betashares Global Defence ETF was admitted on the ASX on October 4 under the ticker code ARMR. It invests in up to 60 companies ...

AustralianSuper expands US footprint, names executives

KARREN VERGARA  |  FRIDAY, 4 OCT 2024
... joining AustralianSuper in 2011, he was at Hastings Funds Management as an investment director and KPMG Australia's project and corporate finance unit. Last month, the North American business head Susan Alexander returned to Australia after relocating ...

CFMG Capital raises for $26m Brisbane project

MATTHEW WAI  |  WEDNESDAY, 2 OCT 2024
... return of 9.55% p.a. (net of all fees) with a targeted overall return of 19.1% over the 24-month investment term for the project. Thomson said it will drive growing demand for vacant land located within the inner ring suburb of a major city. He also ...

Labor delivers another budget surplus, but productivity stalls

ELIZA BAVIN  |  TUESDAY, 1 OCT 2024
The final budget outcome for 2023/24 came in as a surplus of $15.8 billion - or 0.6% of GDP - for the underlying cash balance - an improvement of $6.5 billion on the previous estimates. The better-than-expected outcome was driven mainly by the payments ...

Retirement calculators 'can't be counted on': SCA

ANDREW MCKEAN  |  MONDAY, 30 SEP 2024
... According to ASIC's Regulatory Guide 276, a superannuation balance should be drawn down by age 92. However, calculators that project default income in a draw down period longer or shorter than this could push a person towards unsustainable short-term ...

ACCC approves Lendlease, Stockland property deal

ANDREW MCKEAN  |  FRIDAY, 27 SEP 2024
... address the ACCC's concerns, Stockland offered an undertaking to the ACCC to divest its Forest Reach masterplanned community project near Dapto in the Illawarra. ACCC commissioner Philip Williams said without the divestment, the proposed acquisition ...